Rescate Venezuela Inc

Analysis

Rescate Venezuela Inc is a registered charity in United States, based in Miami, FL. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Rescate Venezuela Inc reported income of $460k and spending of $733k, spending 159% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $2.0m to $460k (-77%), an average of -38% a year. The sharpest change came in the year to December 2020, when income dropped by 83%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Rescate Venezuela Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Ono Friends Inc ($460k), Social Assistance Program for Vietnam ($460k) and New Narratives Inc ($460k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $114k against liabilities of $29k, net assets of $85k.